Hub Cyber Security (NASDAQ:HUBC) Major Shareholder Financial Lp Hrt Acquires 599,115 Shares

Hub Cyber Security Ltd. (NASDAQ:HUBC) major shareholder Financial Lp Hrt bought 599,115 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was purchased at an average cost of $0.12 per share, for a total transaction of $71,893.80. Following the completion of the transaction, the insider owned 271,047 shares in the company, valued at approximately $32,525.64. The trade was a -182.62% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Friday, May 29th, Financial Lp Hrt sold 237,085 shares of Hub Cyber Security stock. The stock was sold at an average price of $0.45, for a total value of $106,688.25.

Hub Cyber Security Stock Performance

HUBC stock traded up $0.25 during mid-day trading on Monday, hitting $0.52. The stock had a trading volume of 412,538,410 shares, compared to its average volume of 26,089,711. Hub Cyber Security Ltd. has a 1-year low of $0.10 and a 1-year high of $3,322.50. The company has a fifty day moving average of $3.71 and a 200 day moving average of $208.83.

Analyst Ratings Changes

Separately, Wall Street Zen raised Hub Cyber Security to a “hold” rating in a report on Saturday, April 25th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Trading of Hub Cyber Security

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HUBC. Goldman Sachs Group Inc. acquired a new stake in Hub Cyber Security in the 1st quarter valued at approximately $65,000. Bank of America Corp DE acquired a new stake in Hub Cyber Security in the 2nd quarter valued at approximately $266,000. Cresset Asset Management LLC acquired a new stake in Hub Cyber Security in the 3rd quarter valued at approximately $133,000. Finally, HRT Financial LP acquired a new stake in Hub Cyber Security in the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds own 4.70% of the company’s stock.

About Hub Cyber Security

HUB Cyber Security Ltd. provides cyber security solutions in Israel and internationally. The company offers HUB Secure File Vault, a super charged managed file transfer backed by dedicated hardware driven security, which creates a secure enclave to protect the organization's data driven workflows; HUB Guard, a recurring security assessment, continuous network, and infrastructure monitoring and analysis, and planned incident response; D.Storm, a powerful SaaS DDoS simulation platform; RAM Commander, a software tool for reliability prediction and analysis, reliability block diagram, Markov chains analysis, maintainability prediction, spares optimization, FMEA/FMECA, testability, fault tree analysis, event tree analysis, and safety assessment; and Safety Commander designs to evaluate the safety of highly integrated systems in a model-based design environment.